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Research by Acemoglu and Linn, which examined pharmaceutical drug development, found that: a . respondents would rather have a disease that afflicts a small number
Research by Acemoglu and Linn, which examined pharmaceutical drug development, found that:
a
respondents would rather have a disease that afflicts a small number of people than a common one.
b
the larger the potential market, the likelier drug companies are to develop a drug for that market.
c
profits are not an important consideration for which drugs are developed.
d
pharmaceutical companies earn normal rates of return in the long run, despite considerable market power in the short run.
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